Trade Facilitation Agreement in the “Bali Package,” Dec 2013

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The trade facilitation part is a multilateral deal to simplify customs procedures by reducing costs and improving their speed and efficiency. It will be a legally binding agreement and is one of the biggest reforms of the WTO since its establishment in 1995. Other agreements struck since then are on financial services and telecommunications, and among a subset of WTO members, an agreement on free trade in information technology products. The objectives are: to speed up customs procedures; make trade easier, faster and cheaper; provide clarity, efficiency and transparency; reduce bureaucracy and corruption, and use technological advances.

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WTO closes “$1 trillion trade deal” at Ministerial Meeting; focus is trade facilitation, customs procedures

wto_directorBALI, Indonesia —  The biggest element of the “Bali package” is a trade facilitation agreement that would make it easier and cheaper to move goods around the world by cutting red tape and improving customs procedures. Besides boosting trade, the pact could reduce corruption by eliminating opportunities for customs officials to extract bribes to get goods across borders. The binding agreement requires countries to implement reforms in a number of areas, but allows them to decide how quickly to do that and promises technical assistance from rich countries for the more challenging commitments.  Read more

New Vietnam Customs checks: importers fear delays, costs

New Customs Checks; importers fear zeusiChanges to customs procedures that now require quality checks of certain imports before they leave the port have got firms worried about cost and the risk of goods spoiling. The Ministry of Finance’s Circular 128, effective November 1, moves the quality checks from importers’ warehouses to ports, and companies fear that the country’s drawn-out customs procedures will mean they have to leave their shipments at ports for a long time. Read more

New eCustoms (VNACCS/VCIS) Training, Nov 27 and Dec 5

hai quan bac ha noiJoin the training sessions to learn about the new eCustoms systems that will go into effect on Apr 1, 2014 the VNACCS/VCIS (Vietnam Automated Cargo and Port Consolidated System).

Training Sessions for Using the Vietnam Automated Cargo and Port Consolidated System

When: Session 1: Wed, Nov 27, 08:00 – 16:30
Session 2: Thu, Dec 5, 08:00 – 16:30
Where:VCCI-HCMC Bldg, 10F, 171 Vo Thi Sau, District 3, HCM City

Read more … Event Details and Registration Form

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Localization rate in Vietnam manufacturing under 30%

Samsung Vietnam uses Korean suppliersJapan as the single biggest foreign investor in Vietnam says the local contents at Japanese-invested manufacturers here is smaller than 30%, which is the lowest in the region, the Japan External Trade Organization (JETRO) said.

Local input materials and components for Japanese enterprises in Vietnam is only 27.8%, far lower than that in Indonesia (43%), Thailand (53%) and China (61%), according to JETRO.

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Manufacturing Committee Cocktails at The Deck

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When: Fr, Apr 12, 5:30 – 7:30pm

Where: The Deck

23 Thao Dien, An Phu, D2, Ho Chi Minh City (click the image for details)

Come network with other manufacturing and supporting supply chain AMCHAM members.

Honored guest: Brian Neubert, Economic Officer, Consulate General of US Read more

Manufacturing Committee Action Plan 2013

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